BTD is a distributed storage project that supports cloud disk applications. On April 21, BitDisk, a blockchain cloud disk based on the BTD storage chain, was officially released. BitDisk has the same functions as Baidu Netdisk, but the blockchain technology makes BitDisk storage files more private and secure, and remote disaster recovery is safer. The blockchain incentive system promotes the rapid and fissile growth of BitDisk cloud disk users. Monthly will exceed 20 million. This means that the BTD project will become the blockchain project with the number of user wallet addresses second only to BTC and ETH within one year, and become the BTC in the storage field.
The BTD project is based on the distributed storage market with a market value of trillions and is open to global storage hardware. Users can become BTD nodes by contributing their storage space. The nodes of the whole network work together to form a distributed storage chain that is distributed around the world, never shuts down, never cuts off power, natural remote disaster recovery, unlimited capacity expansion, self-healing capabilities, data privacy and security, and provides storage services externally.
The BTD project helps nodes commoditize idle storage space and computing resources through sharing, and nodes make comprehensive contributions to the stable operation of the entire network according to their storage capacity, online rate, network performance, and actual service quality. , get the corresponding BTD incentive points. BTD incentive points represent the total storage value of the entire network. The total amount is limited, and a part of BTD will be destroyed during operation, so it has a strong and natural intrinsic value growth momentum.

Project Value

Since the total amount of HDT will continue to grow with the rapid increase of time and network scale, its growth rate is faster than that of BTD; while the total amount of BTD is limited and will be destroyed due to node credit pledge default and smart contract execution Various scenarios such as destruction, repurchase and destruction reduce the number of BTD due to destruction; according to the exchange smart contract of BTD, this means that the number of HDT that can correspond to a unit of BTD will continue to increase.
Therefore, when the storage network of the BTD project continues to operate and develop stably, the corresponding storage service capabilities of a unit of BTD will continue to increase, and BTD has a natural intrinsic value growth attribute.

Project destruction mechanism

During the operation of the BTD storage chain, there are various scenarios that will trigger the BTD destruction mechanism.
The first type: exercise smart contract. After the exercise smart contract is triggered, the exercising party converts its BTD into HDT according to 1BTD = (current total HDT circulation of the entire network / current total network BTD circulation) * 1HDT. While the exercising party obtains HDT, the BTD paid by the exercising party is destroyed.
The second type: repurchase and destruction. For all ecological chains and technical partners supported by the Foundation's storage resources and computing resources, 30% of the market revenue they receive will be used for repurchase of BTD and then destroyed.
The third bell: Pledge destruction. After the node trust mechanism of the BTD storage chain is started, the node can pledge BTD to improve trust. When a node defaults because the online rate and/or failure rate does not meet the requirements, its pledged BTD will be deducted accordingly due to the penalty mechanism, and the deducted BTD will be destroyed. The foundation will regularly announce the destruction of BTD.

Project node

Non-dedicated storage nodes
At present, there are various types of intelligent hardware with storage capabilities and private hardware such as PC computers in the market. Generally speaking, the storage capacity of private hardware is mainly used for self-use storage, but sometimes a lot of storage space is idle for a long time. If the user is willing to contribute the idle storage for a long time and stably, the user's private hardware has also become a very important resource. Dedicated storage nodes.
Dedicated BTD storage node
The core function of a dedicated BTD storage node is to provide storage space, bandwidth resources and computing resources for BTD projects, and does not carry other services. According to the different deployment locations of the dedicated nodes, the dedicated nodes of the BTD project can be divided into two categories: household type and professional type. The household type is relatively small in size and relatively low in noise, and is suitable for ordinary household users to participate in the construction of the BTD network. The professional type generally adopts a standard rack-mounted server design, which is more suitable for placement in small computer rooms, especially in areas with better bandwidth resources, providing better network resources for the BTD network, and more suitable for professional users to participate in the construction of the BTD network.
During the operation of the test network of the BTD network, non-dedicated BTD storage nodes and professional BTD nodes of different brands and models from multiple partners have joined the BTD project, and various BTD storage nodes have also gone through multiple software tests. The hardware version is iterated, and the BTD network already has a good network foundation.

Application scenario

Storage Services
Redeem various DAPP services based on BTD storage chain
Users can redeem various DAPP services based on BTD storage chain, such as cloud disk storage, etc.
Mall Services
Redeem Mall Products
Users can redeem various products in the mall.
Peer-to-point service
Users can exchange the services they need with each other through point-to-point.
Offline Services
The project has expanded the exchange of offline services in many countries and regions around the world, and will continue to expand.
Other Services
With the further acceleration of the globalization of the BTD project and the in-depth development of cross-field cooperation, there will be more and more scenarios where HDT/BTD can be used. HDT The value of /BTD will also increase accordingly.